Armenia’s public debt is expected to amount to approximately 50% of GDP by the end of 2024, with an economic growth rate of 5.5%. Speaking at a press conference on Wednesday, Finance Minister Vahe …
Armenian Government Details Shortfall In 2024 Tax Revenue
The Armenian government’s tax revenue continued to fall well short of its target in the second half of this year amid a slowdown of economic growth in the country.
Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time
Accor, a world-leading hospitality group, has signed an agreement with Technotun, a major real estate operator in Armenia, to bring the pioneering Pullman brand to Yerevan. The partnership agreement …
Armenian government approves 2.9 billion drams to co-finance community programs
The Armenian government has approved the allocation of 2.9 billion drams to co-finance infrastructure development programs in Armenia’s provinces. The funds will be used to implement 46 subvention …
Armenia and Israel’s Fraught Relationship: A Complex Tapestry
These atrocities are central to their national identities and the establishment of modern Armenia (1918) and Israel (1948). Despite this shared history, Israel’s reluctance to officially recognize the …
Armenian prosecutors seek to seize ex-senior official’s assets
The Armenian Prosecutor General’s Office seeks to confiscate expensive property and other assets of Levon Yolyan, the former head of Armenia’s Audit Chamber. Prosecutors have asked the Anti-Corruption …
Opposition MP: Armenia not getting out of cycle of turbulences
“The South Caucasus is among the dangerous directions of this operation, while Armenia is not getting out of the cycle of turbulences in any way. The current situation poses many threats both in terms …
Armenian Ex-Gen. staff chief faces confiscation of $250K and $1.4M in property
The Prosecutor General’s Office of Armenia is seeking the confiscation of over 97.37 million drams (approximately $247,000) and six properties with a combined market value of more than 545.68 million …
Fairer taxes and more efficient spending in education to boost Armenia’s growth, new WB report says
A new World Bank report released today finds that making taxes fairer and investing in education quality and learning outcomes can help Armenia reach its revenue, education, and sustainable growth …
AMAA Appoints Serge D. Buchakjian as New CEO/Executive Director
The Armenian Missionary Association of America announced the appointment of Serge D. Buchakjian as its new CEO/Executive Director, effective February 1, 2025.